GKP support and resistances

I am actually hoping the case drags on right up until the end of March Elena personally..

I could go on what news is due and when, but i won't, just yet...

Not worried about the share price, but very interested in the price action / TA observation as i am hoping to double up at around 140p.

Looking forward to your reply Remo..

Full correction to 139p?

That could be misleading. Its entirely possible that GKP could go below 139p particularly if bad news/rumour reaches the market.

I think the major support below this level is 123.25p.

The problem for investors is that if it reaches this point it will make the charts look quite bearish.

I think the court case will last much longer than many investors realised and the will to hold here could weaken early next year.

Hi Remo, thanks so much for the membership here, what a great site.

Just brining you up on the point regarding a full correction likely to 139 If GKP goes below 186.

Do you still see this a strong possibility now that it is trading 174ish after bouncing from 169 support?

Many thanks.

BG.

Food4thought, great explanation. Quite refreshing to hear it said in this way without all the technical aspects. Much appreciated

Brilliant! Thank you Food4Thought - that makes absolute sense to me! Thank you for taking the time to explain.
Anne

Loving your analogy Food4Thought, great way to explain it!